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Investor Presentaiton

Renewable hydrogen export opportunities for South Australia Nations, regions and industries are looking to hydrogen technologies to achieve deep cuts in carbon emissions over the coming decades. Hydrogen can also address poor air quality, energy security, and provide energy for power generation and transportation. Many of Australia's key trading partners in Asia have, or are developing, national strategies to advance the hydrogen economy, including clear targets and goals for the importation and use of hydrogen. South Australia is actively exploring the supply of renewable hydrogen to these emerging hydrogen export markets, as well as its use by domestic primary energy industries. South Australia believes that we can deliver green hydrogen to trading partners in line with their ambitious plans. China China's Hydrogen Fuel Cell Vehicle Technology Roadmap is focused on establishing fuel cell vehicle technology at scale to enable widespread domestic production and use by 2030. With timeframes for milestone objectives set for 2020, 2025 and 2030, highlights of the Roadmap include: Increased use of hydrogen derived from clean energies to more than 50 per cent by 2030. Commercial deployment of more than one million passenger and commercial vehicles by 2030. Technological progress in fuel cell systems, key materials and components including a near 90 per cent reduction by 2025 in fuel cell stack costs compared to 2015 prices. China Korea Singapore Republic of Korea The Hydrogen Economy Roadmap of Korea is formalised by its Hydrogen Economy Act, outlining Korea's vision to lead a hydrogen-based economy. The strategy has various timeframes for its targets and goals, generally referencing 2022 and 2040. Core elements of the plan include: Building a hydrogen production and distribution system, using 70 per cent carbon-free hydrogen and reducing greenhouse gas emissions by 27 million tonnes by 2040. Increasing production and use of hydrogen fuel cell electric vehicles, including 6.2 million passenger vehicles, 40,000 buses and 1,200 refuelling stations by 2040. Increasing production and use of fuel cells for power generation, including a targeted 15GW for power generation and 2.1 GW for households by 2040. Japan Japan's Basic Hydrogen Strategy affirms its commitment to becoming "the first country in the world to realise a hydrogen-based society". Targets under the strategy identify short, medium and long-term goals and actions, with a view towards major achievement by 2050. Areas of focus under the Basic Hydrogen Strategy include: Increasing hydrogen's use in Japan from 200 tonnes to 300,000 tonnes a year in 2030, targeting carbon- free hydrogen use as part of its future picture. Developing international hydrogen supply chains including Australia, such as the development and demonstration of a liquefied hydrogen supply chain by the mid-2020's. Targeting the use of fuel cell electric vehicles including 800,000 passenger cars, 12,000 buses and 10,000 forklifts by 2030. Singapore In the first quarter of 2019, the Singapore Prime Minister's Office issued a tender for a consultancy study on the potential for hydrogen imports and downstream applications for Singapore. Singapore is particularly interested in replacing liquefied natural gas for fuelling its power plants with alternatives such as hydrogen to eliminate 60 per cent of its emissions. South Australia 11 South Australia's Hydrogen Action Plan Government of South Australia September 2019 Japan 12
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